India’s imports from Russia witnessed a more than three times jump to $4.67 billion compared to last year since the Ukraine conflict began on February. The rush in shipments from Russia is thanks to New Delhi’s efforts to hit good deals with Russian suppliers to tide over a expanding shortfall of crude oil and other…
Cotton prices in the international market have increased to almost a 11-year high on the Intercontinental Exchange (ICE), but shareholders in the industry say the raise in natural fibre prices ignores fundamentals. According to the U.S. Department of Agriculture (USDA), global production is likely to be higher from earlier impressions this season to June, while…
Poultry feed producers such as Godrej Agrovet and IB Group have reduced prices following the government’s recent action to allow more soyabean meal imports. Other feed producers are likely to follow the action. Soyabean meal is a crucial ingredient in the poultry feed along with maize. Feed prices had been on an upraising over the…
Gold prices touched higher on Tuesday in global markets as a decline in U.S. Treasury yields countered pressure on greenback-priced bullion from sustained strength in the dollar. Benchmark 10-year U.S. Treasury yields expanded their decline on Tuesday after pulling back from the highest level in three and half years in the previous session, raising prices…
The government’s wheat acquirement in the current year may be less than half the level last year, as market prices stand above the Minimum Support Price (MSP) allotted by the government. Procurement of the grain by the Food Corporation of India (FCI) and other government agencies at the MSP stood at 17.59 million tonne (mt)…
Foreign Portfolio Investors (FPIs) cut out over ₹20,000 crore from financial services and information technology (IT) sectors in last month, as they continued their selling of Indian equity shares for the seventh straight month. According to latest data, the financial services sector saw a net out flow of ₹12,891 crore in April while the IT…
The Indian rupee fell to a fresh all-time low of 77.43 against the U.S. dollar on Monday as raised crude oil prices, inflation fears, interest rate hikes and weak domestic equities weighed on investor sentiments. Risk aversion in international markets, dollar strength reduced demand for riskier assets, pull the local unit lower. The rupee decreased as much…
With Russian aggression showing no signs of dropping, IT companies in Ukraine are focusing at India to set up Off shore Development Centres (ODCs). “In the last one month, we got nearly 70 inquiries from IT companies based in Ukraine to look at the possibility of setting up Off shore Development Centres in India,” said…
For the week, the Nifty fallen 691.25 points (4.04 percent) to closed at 16,411.3, while Bank Nifty fallen 1495 points (4.14 percent) closed at 34591. the BSE Sensex down 2,225.29 points (3.89 percent) to closed at 54,835.58. Indian market decreased 4 percent in the week ended May 6 after a surprise rate hike by the…
The rupee was down on Friday by the U.S dollar earning strength globally and the sustained greenback purchases by foreign investors, who continued to sell the shares in the Indian equity market in the wake of the U.S. Fed rate hike. The Indian unit decreased about 66 paise to close at 76.9150 per dollar against…
